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Russia Lost Access to Half Its Reserves, Finance Minister Says

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WATCH: Russia’s finance minister says the country has already lost access to almost half of its reserves. Bloomberg’s Bruce Einhorn reports.Source: Bloomberg

Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov. 

“The total volume of our reserves is about $640 billion, and about 300 billion are in such condition that we can’t use them now,” he told state television in an interview on Sunday.